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StreetInsider.com - No Build Plans Cuts at BlackBerry (BBRY), Q10 Demand 'Very Robust' - Jefferies
Jefferies analyst Peter Misek weighed in on BlackBerry (NASDAQ: BBRY) Wednesday saying, contrary to market talk, BB10 build plans have not been cut. In fact, checks show demand is "very robust" in the U.K. and Canada with Q10 demand better than Z10.
On the R10 and
touch equivalent mid-range version of the Z10, Misek said they seem to be prepping for production. "We are now expecting mass production to start in the early summer," he said. "This should be another boost to August."
Misek reiterated his Buy rating and price target of $22.00 on BlackBerry.